How to Open a Pharmacy in Sharjah?
How to Open a Pharmacy in Sharjah
The pharmaceutical industries are expecting the highest growth rate in UAE last few years. Lots of international companies and franchisees are already invested in the pharmacy. UAE is the good market for doing pharmacy business in UAE. Government has already taken the necessary steps to make sure to maintain the same growth coming years. Government rules and regulation are more flexible; provide the good infrastructures for the investors. So it helps more investment in these sectors. The Ministry of health authority to grant permission to participate the pharmacy license in UAE. Increase of expat population requires developing more cities and residential areas which result the high demand of pharmacy companies across the country. In recent days most of the population are facing health related issues due to the lifestyle is showing the importance of establishing more healthcare services in UAE.
Documentation process:
To establish the pharmacy license under economic department, require the certified pharmacist from ministry of health. Its mandatory for all Pharmacists has to register in ministry of health authority before practicing the pharmacy in UAE. Up on registration he will be eliblibe for practicing as a pharmacist in any pharmaceutical company in UAE.
Security approval:
As soon as submit the shareholder details in economic department, security approval requires to find out if the expat have criminal record in the country.
Initial approval:
In Pharmacy license, UAE national will be hold the 51% of the company and expat will be 49% shares/ or UAE national can hold the 100% of shares.
Trade Name approval:
Client can book their company name. But the trade name is subject to the approval form economic department. Because as per economic department the certain terms are apply for name approval.
Court notarization and MOA:
Limited Liability Company minimum two shareholders require and maximum possible shareholder is 50. The shareholder liability is limited to the capital of the shares. MOA includes the details of the shareholders, profit shearing, and manager names etc.
LLC Company the UAE national hold the 51% share but still he will be a silent partner in the company. For that UAE national has to be paid sponsorship fees. Both expat and UAE national has to be present in the court for signing of MOA.
Location approval and tenancy contract:
Prior approval is mandatory from Economic department for the pharmacy location. Initially Economic department will conduct the inspection in to the premises. Once the location approved, then layout and floor plan has to submit to the MOH with the signature of the authorized fit out company.
Issuance of trade license:
Once complete the approval for the pharmacy location from economic department and ministry of health, tenancy contact can register under the company trade name. Up on submission of initial approval and trade name copy landlord are able make the tenancy contract.
Adding the medical director:
After processing the employment visa for registered pharmacist under the pharmacy license, and then require add him a medical director in the Pharmacy license.
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